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MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN

Plan Contact

  • Address: 3001 METRO DRIVE, SUITE 500,BLOOMINGTON,MN
  • Contact person: SHAUN COATES
  • Phone: (952) 854-0795

Plan General Information

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is $37,318,733.00.This plan was established in 1991.

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is 987

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is $37,810.00

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is $132.00.

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is approximately $2,241.00
Investing in this additonal $2,241.00 for 20 years would give you extra $143,473.00, assuming a 10% annual return.

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN allocates $2,212,638.00 to match its employees' contributions, providing an employer match rate of 3396.12% of their contributions

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is -3.77%.

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is 0.42%. This measures the effectiveness of the plan participants' investments in the year.

MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MILLWRIGHT UNION INDIVIDUAL ACCOUNT RETIREMENT PLAN is 0.56%.

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